Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

Shehbaz to appear before NAB over housing society scandal

byCT Report
22/01/2018
in Business
Share on FacebookShare on Twitter

ISLAMABAD: Punjab Chief Minister Shehbaz Sharif will appear before the National Accountability Bureau (NAB) on Monday (tomorrow) to answer the queries regarding the alleged misuse of authority in the award of contracts in Ashiana-e-Iqbal housing projects.

According to reports, CM Shehbaz will reach the NAB office Lahore at 10 am and record his statement before the anti-graft body. The Online quoted the sources as saying that the NAB has prepared a questioning sheet that consists of 24 questions regarding the housing projects.

You might also like

FILE PHOTO: The Habib Bank Limited (HBL) logo is seen on the head office building in Karachi, Pakistan, April 18, 2016. REUTERS/Akhtar Soomro/File Photo

HBL announces 3-day service shutdown following Meezan & Allied Bank

10/06/2026

Nepra cuts electricity price by Rs1.98 per unit under quarterly adjustment

09/06/2026

The agency further stated that NAB investigation team has completed all homework regarding the scam. Moreover, the NAB has also completed the initial investigation of this scandal and it revealed in initial investigation that mega corruption of billions of rupees had done in this. The role of house building finance corporation head would also review in this scandal.

It may be mentioned that a team of bureaucrats and legal experts was formed earlier to formulate the queries raised by the NAB in the notice sent to the CM.

The NAB’s decisions came following the complaints regarding an ‘illegal deal’ between the companies overlooking the affairs of the Paragon Housing Scheme and the Punjab Land Development Company (PLDC), which allegedly involved 3,000 kanal of government land.

Earlier, the bureau had asked for the complete details of both the Ashiana housing scheme and the Paragon housing society for an investigation into the illegal housing schemes matter. It had alleged that over Rs1.2 billion loss has been caused to the national exchequer by the award of contracts in violation of the prescribed rules and regulations.

The aim of the Ashiana housing scheme – an initiative of the Punjab government, was to provide economical and adequate residential facilities to the people with low-incomes and the government had invested Rs2 billion while acquiring 672 kanal Baba Noor Shah shrine.

Related Stories

FILE PHOTO: The Habib Bank Limited (HBL) logo is seen on the head office building in Karachi, Pakistan, April 18, 2016. REUTERS/Akhtar Soomro/File Photo

HBL announces 3-day service shutdown following Meezan & Allied Bank

byCT Report
10/06/2026

KARACHI: Habib Bank Limited (HBL) has officially announced a temporary closure of all its services. Consequently, the massive shutdown will...

Nepra cuts electricity price by Rs1.98 per unit under quarterly adjustment

byCT Report
09/06/2026

ISLAMABAD: Electricity prices across Pakistan have been reduced by Rs1.98 per unit, according to a notification issued by the National...

Pak-Italy trade witnesses over 18pc surplus in 10 months

byCT Report
08/06/2026

ISLAMABAD, Jun 8 (APP): Pakistan’s goods and services trade with Italy witnessed a surplus of 18.41 percent during the first...

Pakistan cuts petrol price by Rs4 per litre

byCT Report
06/06/2026

ISLAMABAD: Pakistan has announced a reduction in petrol prices in its latest weekly fuel price review, providing some relief to...

Next Post
A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

Stocks open new week on bullish note with 108pts gain

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.